Attorney Deaton says Ripple has made Fortress Trust’s customers whole despite splashing $200 million in legal fees defending itself against the SEC. Crypto-Law.US founder Attorney John Deaton has reacted to reports of Ripple’s potential acquisition of Fortress Trust. The Crypto Basic reported earlier that, as part of the deal, Ripple covered losses suffered by customers of…
The bankrupt FTX empire has gathered approximately $7 billion worth of assets, including $1.16 billion in Solana (SOL), $560 million in Bitcoin (BTC), and $119 million worth of XRP. Furthermore, as indicated in a recent court filing, the company possesses various other crypto assets, with a combined value exceeding $3.4 billion. According to the official…
Ripple moved 100 million XRP to an undisclosed address, fueling speculation that it may have sold the tokens to fund a recent acquisition. Whale Alert, the decentralized crypto monitoring service, recently caught a notable XRP movement from the San Francisco payment firm Ripple within the last 24 hours. According to the tweet update, Ripple moved…
An address linked to Ethereum founder Vitalik Buterin moves 2,000 ETH worth over $3 million, raising speculation of a potential sale. Multiple on-chain analytics tools have uncovered a recent transaction by an address linked to Ethereum co-founder Vitalik Buterin. According to Spot on Chain, the address transferred 2,000 ETH (approximately $3.1 million) to a secondary…
Binance has declared support for the upcoming Terra Classic (LUNC) upgrade to v2.2.1 amid sustained plans within the community to push TerraClassicUSD (USTC) to $1. The exchange announced its support in an official press release today. Notably, the upgrade is set to occur at the block height of 14,514,000, with a scheduled time of approximately 14:15 (UTC)…
Shiba Inu’s L2 blockchain Shibarium has surpassed the 2M transaction milestone after registering more than 200K transactions daily. Shiba Inu’s Layer-2 blockchain Shibarium has recorded a major milestone, surpassing over 2 million transactions. According to data on Shibariumscan, the total transactions on the L2 blockchain currently stands at 2,096,508 (2.09 million). Shibarium achieved the notable milestone…
Binance Charity, a branch of the world’s largest exchange, Binance, has pledged to distribute $3 million to residents of the regions affected by the recent earthquake in Morocco. Recall that Morocco faced a deadly 6.8 magnitude earthquake on September 8, with the current death toll exceeding 2,000 people as of press time. Reports suggest this…
Top market analyst Benjamin Cowen says sentimental events cannot sustainably drive XRP price as the digital asset falls below $0.5. Data from the market tracking platform CoinMarketCap indicates that XRP is down by over 24% in the past 30 days. The digital asset now sits at $0.4775, which is precisely the point it was on…
XRP’s recent dip below $0.48 has triggered speculation within the XRP community that Ripple may have sold a substantial amount of XRP to finance its Fortress acquisition. While these claims remain speculative, they have nonetheless cast a shadow of uncertainty over the XRP market. Simon Dixon, an investor and Bitcoin maximalist, recently highlighted reports suggesting…
Former SEC official Marc Fagel provides fresh insight on a potential settlement in the ongoing Ripple case. There have been rumors that the SEC could settle with Ripple before the trial commences. Notably, the rationale behind this speculation, according to some XRP supporters, is to enable the SEC to prevent its former officials from testifying…